President Barack Obama Weekly Address December 8th, 2012

people-politico-reflecting-pool-political-buildingIn President Barack Obama Weekly Address for 12/8/12 he urges people to push their congress to come to a compromise before America goes over the Fiscal Cliff.

President Barack Obama points out a few of the highlights of what will happen if we end up going over the Fiscal Cliff if Republicans in Congress can not come to a reasonable compromise. If the recent history of the Republicans are any indication there is little hope that any compromise will be made.

Here are a few of the key points of what will happen as laid out by President Barack Obama in this weeks weekly address.

  • Tax Cuts end at the end of 2012.
  • All Families will see a typical tax increase of $2,200 going over the Fiscal Cliff.
  • Congress can pass tax cuts on everyone’s income up to $250,000, including those that make more.
  • 98% of Americans would not see a tax increase.
  • Congress can pass tax increase on income of over$250,000.
  • 97% of American Businesses would not see a tax increase.

Here is the videoof President Barack Obama Weekly Address for December 8th, 2012.

 

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